As you flick through the pages of this anniversary edition of AsianInvestor, we hope you get to mix some nostalgia with a glimpse of what the future may hold. 
As we note on our timeline of the past 20 years (page 6), much has happened over the two decades since AsianInvestor started focusing on the region’s evolving investment industry. A lot of it has involved progress, including regulatory liberalisation in China, the foundation of new institutional investors, and greater incentives for international asset owners to begin investing their money in the region. 
To be sure, there have been difficulties too, including crises and trade wars. Overall, however, Asia’s star has generally been in the ascendant during the past 20 years. The region’s hefty population is finally beginning to be recognised, and over the coming decade it is likely to gain further sway and investment capital. 
As investors do so, they will need to navigate some of the megatrends that are likely to reshape the landscape of Asia and the world. As we describe in our cover story (on page 21), five main themes will play a fundamental role impacting how asset owners in this region and beyond invest. 
We have also taken the opportunity to offer some recognition to 20 of the region’s most impactful executives among asset owners over the past 20 years (you may be noticing a theme). These individuals can all stake a claim to having played an influential role in their respective organisations and beyond as institutional investment has evolved over the past two decades (on page 41). 
In addition, we conducted interviews with some of the most senior and experienced veterans of Asian investing, to gain their perspectives on how the industry has changed, and what to expect going forwards (on page 36). 
With the world still struggling to cope with the impact of a pandemic that has no cure in sight, the immediate future may look somewhat bleak. But look back over the past 20 years and it is evident that Asia enjoy plenty of strengths, including a tenacity and a pragmatism that is seeing the region’s markets fare far better in their resistance to the pandemic than any other area of the world. 
Asia should emerge from these trying times stronger than ever, and better able to assume an increased role in global investment. We look forward to covering every step as it does so.